The Impact Of IFRS16's Change To Financial Report On Aviation And Entity Response

In January 13, 2016, IASB formally promulgated the new international leasing standards (IFRS 16), which will be implemented in the international scope in January 2019. According to PWC's assessment and forecast, the aviation industry is the most important in the field of accounting,reporting and other aspects of the retail industry.In view of the fact that China has been actively cooperate with the international standards (such as IFRS9), the pace of China's implementation of the new lease may be in 2019 and the international standards,so early to assess the effects of IFRS 16 on China's aviation industry and the feasibility is valuable. If the current lease criterion(CAS21) was improved according to the lease criteria IFRS 16 corresponding, which triggered the change will be the financial statements of China's aviation industry data,company performance. and financial risk have a significant impact on the global aviation industry.This will be the new recognition and measurement method of IFRS 16 for reference,according to the current situation of China's current lease, the air transport industry is divided into state-owned and private airlines, the three representative of the state-owned companies and the financial statements of the two companies listed private airlines have been adjusted and estimated, and then elaborated on the changes of IFRS 16 bring the balance sheet, profit statement and cash flow statement and influence; at the same time, this paper also will be through the traditional financial index system on corporate performance analysis, influence that IFRS 16 of state-owned and private aviation leasing business level caused; then, a detailed analysis of the IFRS 16 for China's aviation industry will bring financial risks and the commercial risk,hoping to provide some ideas and help for China's aviation industry in sustainable development in the context of international convergence. Finally,according to the state-owned and private will bear the adverse effects, this paper will put forward some targeted measures according to different situations of China's current state-owned and private airlines, puts forward the corresponding solutions.